The southernmost province of Ca Mau has devised various measures, including boosting trade promotion activities, to expand and adjust the structure of its export markets, towards realising its target of earning 1.2 billion USD from exports in 2019.
The province has launched an action plan to develop the shrimp sector by 2025, aiming to turn it into the largest shrimp processing centre of the Mekong Delta region and the country in general.
In addition, it will continue a project to reform its agricultural sector towards improved quality, sustainability, and efficiency.
Accordingly, Ca Mau will focus on the development of super intensive, eco-friendly, and high-tech shrimp farming models and the building of a shrimp farm of international standards for stable material export supply.
Local shrimp exporting firms are advised to invest more in advanced equipment and machinery, raise their processing capacity, and create new products, thus increasing the province’s competitiveness.
Local authorities have also worked to address difficulties facing businesses and create optimal conditions for them.
According to the provincial People’s Committee, Ca Mau is estimated to rake in 1.2 billion USD from exports this year, of which 1.17 billion USD will be made up of aquatic exports.
The major markets for the province’s aquatic products include the US, Japan, the Republic of Korea, China, Canada, Australia, and the EU.
The output of frozen shrimp is likely to reach 137,100 tonnes in the reviewed period, equivalent to the year’s plan and up 5.9 percent year-on-year.